Kandi Technologies Group, Inc. balance sheet

At the end of fiscal 2025, Kandi Technologies Group, Inc. had total assets of $400m, total liabilities of $130m and shareholders' equity of $270m. It held $35.5m in cash against $36.9m of debt: net debt of $1.3m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Kandi Technologies Group, Inc.: balance sheet, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	84	34	37	36
Receivables	—	19	26	22
Inventory	—	62	51	26
Total current assets	—	344	355	301
Goodwill	—	33	31	22
Total assets	—	495	474	400
Accounts payable	—	29	25	22
Total current liabilities	—	77	120	128
Short-term debt	—	9	38	31
Long-term debt	—	8	6	6
Total debt	0	32	48	37
Total liabilities	—	89	127	130
Shareholders' equity	398	404	345	270
Net debt (negative = net cash)	−84	−1	10	1
Shares outstanding	—	87m	85m	83m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Kandi Technologies Group, Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Kandi Technologies Group, Inc.